Rio TintoASX:RIO -1.19%78 EV-to-FCF is 45.80 as of Jun. 25, 2026, which is 177% above its 10-year median of 16.56. GuruFocus rates ASX:RIO with a GF Score™ of 78/100 and a GF Value™ of A$128.11 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 445 Metals & Mining companies, Rio Tinto ranks worse than 73.93% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Rio Tinto's Enterprise Value is A$313,056 Mil.
Rio Tinto's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$6,836 Mil. Therefore, Rio Tinto's EV-to-FCF for today is 45.80.
The historical rank and industry rank for Rio Tinto's EV-to-FCF or its related term are showing as below:
ASX:RIO'
s EV-to-FCF Range Over the Past 10 Years
Min: 6 Med: 16.56 Max: 49.6
Current: 46.29
During the past 13 years, the highest EV-to-FCF of Rio Tinto was 49.60. The lowest was 6.00. And the median was 16.56.
ASX:RIO's EV-to-FCF is ranked worse than 73.93% of 445
companies
in the Metals & Mining industry
Industry Median: 19.18
vs ASX:RIO: 46.29
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Rio Tinto's share price for today is A$173.92.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Rio Tinto's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$9.242.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Rio Tinto EV-to-FCF Related Terms
Rio Tinto EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Rio Tinto's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Other Industrial Metals & Mining subindustry, Rio Tinto's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rio Tinto EV-to-FCF vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Rio Tinto's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Rio Tinto's EV-to-FCF falls into.
Rio Tinto's current Enterprise Value is A$313,056 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Rio Tinto's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was A$6,836 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Rio Tinto (ASX:RIO) has a EV-to-FCF of 45.80 as of Jun. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Rio Tinto and its competitors. This is 177% above median its historical median of 16.56. Over the past decade, Rio Tinto's EV-to-FCF has ranged from 6.00 to 49.60. According to the industry distribution chart, Rio Tinto ranks #329 out of 445 companies in the Metals & Mining industry, placing it in the top 73.9%.
Is Rio Tinto's EV-to-FCF too high?
Rio Tinto's current EV-to-FCF of 45.80 is 177% above median its 10-year median of 16.56. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 49.60. The Metals & Mining industry median EV-to-FCF is 19.18. Rio Tinto's value of 45.80 is 138.8% above this industry median. Based on the distribution chart, Rio Tinto ranks #329 out of 445 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Rio Tinto has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rio Tinto's EV-to-FCF compare to competitors?
According to the Metals & Mining industry distribution chart, Rio Tinto ranks #329 out of 445 companies for EV-to-FCF. This places Rio Tinto in the lower half of its industry. The industry median EV-to-FCF is 19.18. Rio Tinto's value of 45.80 is 138.8% above this benchmark. Historically, Rio Tinto's own EV-to-FCF has ranged from 6.00 to 49.60 over the past decade. While the company's 10-year median is 16.56 vs. the industry median of 19.18, Rio Tinto has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Metals & Mining company?
The median EV-to-FCF among Metals & Mining companies is 19.18, based on 445 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Rio Tinto's current EV-to-FCF of 45.80 is 138.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Rio Tinto and its competitors. For the Metals & Mining industry, the median EV-to-FCF is 19.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rio Tinto's current EV-to-FCF is 45.80, which is 177% above median its own 10-year median of 16.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rio Tinto stock overvalued right now?
Based on GuruFocus' analysis, Rio Tinto (ASX:RIO) is currently considered Significantly Overvalued. The stock's GF Value™ is A$128.11, compared to a current price of A$173.92 — trading 35.8% above its estimated fair value. The current EV-to-FCF is 45.80, which is 177% above median its 10-year median of 16.56 and 138.8% above the Metals & Mining industry median of 19.18. Rio Tinto's overall GF Score™ is 78/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Rio Tinto (ASX:RIO), the current EV-to-FCF is 45.80 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Rio Tinto (ASX:RIO) Overvalued in 2026?
Based on GuruFocus' analysis, Rio Tinto stock appears to be overvalued.
The current stock price of A$173.92 is trading 35.8% above its estimated GF Value™ of A$128.11.
GuruFocus considers Rio Tinto to be Significantly Overvalued.
Key valuation signals for ASX:RIO:
EV-to-FCF: 45.80 (177% above median its 10-year median of 16.56)
GF Value™: A$128.11 vs. price of A$173.92 (35.8% above fair value)
Industry Position: 138.8% above the Metals & Mining median (#329 of 445)
No single metric tells the full story. See the ASX:RIO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rio Tinto is a global diversified miner. Iron ore is its major commodity, with lesser contributions from copper and aluminum. Lithium, diamonds, gold, and industrial minerals are more minor contributors. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
78GF Score
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